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About

Bank Mandiri was established on 2 October 1998, as part of the bank restructuring program of the Government of Indonesia. In July 1999, four state-owned banks - Bank Bumi Daya, Bank Dagang Negara, Bank Exim and Bapindo - were amalgamated into Bank Mandiri. The history of these four banks can be traced back to over 140 years, and together they had contributed to the beginning of the Indonesian banking sector. We are continuously seeking mutually beneficial business opportunities that create synergies, building alliances and strengthening our supporting businesses with and through our subsidiaries, notably Mandiri Sekuritas in investment banking, AXA Mandiri Financial Services in insurance, Bank Syariah Mandiri in Sharia banking, Bank Sinar Harapan Bali in micro banking, and Mandiri Tunas Finance in multi-finance. In 2011, Bank Mandiri acquired Mandiri AXA General Insurance (MAGI), a joint-venture between Bank Mandiri and AXA Societe Anonyme, to strengthen Bank Mandiri's penetration into the general insurance business. With various subsidiaries that support our businesses, we have further strengthened our position as a prominent financial holdings institution in Indonesia. “Indonesia’s Bank Mandiri, 60% owned by the government, impressed with 10% increases in net income and consolidated assets in 2019 while reducing gross NPLs by 40 basis points to 2.4%. The bank raised the biggest sum yet achieved by an Indonesian bank in offshore primary bond markets by pricing a $750 million global medium-term note last year and continues to pursue a fast-moving digitization program. The bank is exploiting synergies with its subsidiaries in areas such as Islamic banking, multifinance, insurance and niche banking.” Global Finance Magazine - World's Best Bank 2020: Asia-Pacific (https://lnkd.in/gRRKT6y)